It was encouraging to read that U.S. credit unions set a new record for mortgage originations during the first quarter of 2012. (CUTimes.com, May 10, “Credit Unions Notch Record Share of Mortgage Market.”.
The story noted that Callahan & Associates' analysis shows credit unions originated more than 8% of mortgage loans, passing the previous record of 5% in a given three-month period.
With more consumers turning to credit unions for financial services, it's nice to see home loans being recognized as a valuable part of the product mix. Many credit unions now provide a full range of home-buying services, from helping members connect with real estate agents and find the right homes, to helping them obtain financing and insurance.
Kudos to our credit union colleagues for increasing their home loan market share at a time when mortgage lending is still tight among many banks.
Mike Corn
CEO
CU Realty Services LLC
Scottsdale, Ariz.
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